US News Mainz 05 loses millions for the first time since 2010 due to Corona

23:36  27 october  2020
23:36  27 october  2020 Source:   pressfrom.com

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At a virtual information event for members on Tuesday evening, Mainz 05 presented the financial results for the 2019/20 season. With a loss after taxes of 2.2 million, the club is making a seven-figure loss for the first time in ten years due to the pandemic, which will even multiply this season.

Hatte mit dem FSV wirtschaftlich kein gutes Jahr: Detlev Höhne. © imago images Had a bad year economically with the FSV: Detlev Höhne.

Compared to other clubs, some of which were struggling for financial survival, Mainz 05 got off lightly in the first half of 2020 despite the losses. "Many professional clubs would be happy if they could bring such a result," emphasized the chairman of the supervisory board, Detlev Höhne. "Without the change of coach we would have even been able to show a positive annual result," added the commercial director, Dr. Jan Lehmann.

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A minus of 2.6 million is recorded under the keyword "special effects coach change". From December 2019, Mainz paid two head coaches. So-called provisions for potential losses had to be set up for Sandro Schwarz, who was on leave and whose contract lasted until 2022. Originally, Lehmann had forecast a profit of 1.2 million for 2019/20. The decline in sales due to Corona in the amount of 4.2 million was largely offset by savings of 3.4 million. The bottom line is an annual financial statement of EUR -2.2 million.

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"" Many professional clubs would be happy if they could bring such a result. "" - Detlev Höhne

The club is planning for 2020/21 due to the expected drop in sales instead of 104 Million euros with a budget of 88 million euros. The difference of 16 million euros is due to the decline in media revenues (- 6 million), ticketing revenues (-9 million) and lower sponsorship revenues (-1 million). In view of the planned financial expenditure of EUR 102 million, a loss of EUR 14 million is expected for the current season.

"If we have to play the entire season without spectators, there is another financial risk involved," said Lehmann. In its current scenario, the club assumes that at least some paying spectators will be allowed into the stadium by January at the latest. If this is not the case, another waiver could become an issue.

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